How do mortgage rates compare to other forms of borrowing, such as credit cards or personal loans?

Mortgage rates are generally lower than rates for credit cards and personal loans because they are secured by the value of the property being purchased. Lenders view mortgages as lower risk because they can seize the property in the event of a default. Credit cards and personal loans are typically unsecured, which means that the lender has no collateral to seize in the event of a default, making them riskier for lenders. As a result, interest rates on credit cards and personal loans tend to be higher than mortgage rates. However, it's important to note that each type of borrowing has its own unique features and considerations, and the interest rates offered can vary depending on factors such as credit score, income, and debttoincome ratio.